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Decentraland Clone to Facilitate The Digital Real Estate

The Decentraland Clone is Making Inroads - here's what it means for entrepreneurs.

By Marianne JohnsonPublished 2 years ago 3 min read
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Decentraland Marketplace

If you're considering entering the rapidly growing digital market, now is the time to do it. Unlike most other markets, you can invest in digital real estate without taking significant risks.

Digital real estate is something you buy, own, and interact (with) the real estate over online. A more technical term is virtual real estate, facilitating plots trading virtually. Decentraland is a three-dimensional (3D) virtual platform where users can buy, sell, and monetize content. A Decentraland clone is similar to virtual reality video games, but it is more immersive because it has asset ownership. Everything available in the actual world can be found here, from digital skyscrapers and rapid transportation systems to movie theaters and hotels.

Multi-horizon Virtual Ecosystem

Despite the metaverse's infancy, we can already see a glimpse of its potential. Our current internet world is only a small part of the metaverse. Our social connections, commercial partnerships, and the internet economy could undergo significant changes.

Immersive Office space

The remote working model goes beyond Zoom and Google Meet - some businesses are basing out of Metaverse. For example, Barbados - the Caribbean island nation - has become the first-ever nation to open a virtual embassy (on Decentraland).

Microsoft's collaborative platform for virtual experiences will introduce mixed reality features to Microsoft Teams this year. It will function with or without a VR headset, and 3D animated avatars will be possible. Within Teams, businesses will be able to establish their metaverses.

Virtual Concerts

WMG (Warner Music Group) has announced plans to introduce music-themed attractions to The Sandbox, including concerts and musical performances by WMG's stars. Also, I should remind you of Decentraland’s multi-day virtual music festival, accommodating around 80 artists.

Virtual Art Galleries

A virtual art gallery is more than just a website with photographs of artists' work; it's an interactive experience that can take many different shapes. Thanks to an NFT virtual platform like Decentraland, Sotheby’s built a street art gallery where artists sell their digital art.

Build An NFT Virtual Platform like Decentraland

Decentraland was launched in 2017 and became entirely accessible in early 2020. The virtual real estate platform has been raking in good sales (volume), persuading more NFT enthusiasts. This excludes transactions made through the platform's marketplace or through less transparent third-party sales platforms, of which there is a number.

Step 1: Build A Strong Idea

Crafting your Metaverse-inspired virtual platform (for digital real estate) can be complex if you don’t have a well-structured idea. It can be a multi-collaborative idea, a single concept, or anything. However, keeping it unique might help your platform in the long run.

Step 2: Develop A Virtual NFT Marketplace

Decentraland has paved the way for many Metaverse believers, attracting a large number of users eager to live a virtual life. Get an NFT Marketplace like decentraland today if you want to sail through the current stream of NFT Marketplace and make a solid entry into the cryptoverse. The sooner you get your platform up and running, the better your chances of attracting a larger and more affluent user base.

Step 3: Choose Storage platforms

Storage — After minting, the NFTs listed on the marketplace must be stored, so these NFTs will be stored in IPFS, while other user and NFT information will be stored in DB.

On a concluding note,

Unlike other NFT marketplaces, if you want to build a Decentraland-style NFT marketplace, you'll need a lot of technical help. There are several development companies out there. You must choose the best one. The first step in creating the best NFT marketplace is to create a virtual environment. Choose an excellent team and a perfect stack.

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  • shubham BRsoftech8 months ago

    Nice work informative blog . are you looking for Decentraland metaverse game development , visit BR Softech https://www.brsoftech.com/blog/sandbox-vs-decentraland/

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